The DOJ Antitrust Division, FTC and European Commission launched an EU-U.S. Joint Technology Competition Policy Dialogue. The dialogue is intended to reaffirm mutual collaboration on antitrust policy and enforcement in the technology sector.
SEC Division of Enforcement Director Gurbir Grewal rejected a common criticism of the agency as "regulating by enforcement" when it comes to cryptocurrency, and environmental, social and governance matters.
In remarks before the Securities Enforcement Forum, SEC Chair Gary Gensler echoed first SEC Chair Joseph Kennedy's assertion that the SEC "will make war without quarter on any who sell securities by fraud or misrepresentation."
The FTC restored its past practice of requiring merging parties to obtain prior approval from the FTC "before closing any future transaction affecting each relevant market for which a violation was alleged."
SEC Division of Enforcement Director Gurbir Grewal asserted that the "decline in trust in our financial markets" is in part a result of "repeated lapses by large businesses, gatekeepers, and other market participants." He said that regulators do not hold them sufficiently accountable.
New SEC Division of Enforcement Director Gurbir Grewal urged firms to focus on "proactive compliance" to ensure that they are continually tailoring their compliance strategies to evolving technologies and regulations.
In a case concerning the CFTC's reparations jurisdiction, the agency concluded that reparations provisions under the Commodity Exchange Act extend to the conduct of a person registered in a capacity with one entity when that person acts on behalf of a second, unregistered entity.